Goldman Sachs Group Inc (NYSE:GS) – Analysts at Oppenheimer decreased their FY2018 earnings per share (EPS) estimates for shares of Goldman Sachs Group in a report issued on Wednesday. Oppenheimer analyst C. Kotowski now anticipates that the investment management company will earn $21.15 per share for the year, down from their previous estimate of $21.18. Oppenheimer currently has a “Outperform” rating and a $313.00 target price on the stock.
Several other equities research analysts have also recently commented on GS. Keefe, Bruyette & Woods restated a “hold” rating and issued a $260.00 target price on shares of Goldman Sachs Group in a research note on Thursday. Buckingham Research reiterated a “neutral” rating and set a $250.00 price objective (up previously from $243.00) on shares of Goldman Sachs Group in a research note on Wednesday, October 18th. BMO Capital Markets dropped their price objective on Goldman Sachs Group to $221.00 and set a “market perform” rating on the stock in a research note on Thursday. Royal Bank of Canada upped their price objective on Goldman Sachs Group to $265.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, Barclays reiterated an “equal weight” rating and set a $289.00 price objective (down previously from $308.00) on shares of Goldman Sachs Group in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $254.67.
Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.90 by $0.78. The firm had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7.64 billion. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.08 EPS.
Several hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC grew its holdings in Goldman Sachs Group by 51.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,766 shares of the investment management company’s stock valued at $3,507,000 after buying an additional 4,651 shares in the last quarter. Personal Capital Advisors Corp grew its holdings in Goldman Sachs Group by 7.2% in the 4th quarter. Personal Capital Advisors Corp now owns 114,588 shares of the investment management company’s stock valued at $29,192,000 after buying an additional 7,745 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Goldman Sachs Group by 638.6% in the 4th quarter. State of Alaska Department of Revenue now owns 33,509 shares of the investment management company’s stock valued at $8,535,000 after buying an additional 28,972 shares in the last quarter. Syntal Capital Partners LLC acquired a new position in Goldman Sachs Group in the 4th quarter valued at $270,000. Finally, Oakbrook Investments LLC grew its holdings in Goldman Sachs Group by 6.8% in the 4th quarter. Oakbrook Investments LLC now owns 23,625 shares of the investment management company’s stock valued at $6,019,000 after buying an additional 1,500 shares in the last quarter. 73.31% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director David A. Viniar sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $238.02, for a total transaction of $5,950,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total value of $1,366,544.82. The disclosure for this sale can be found here. Insiders have sold a total of 97,833 shares of company stock worth $23,309,552 over the last three months. 2.57% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s payout ratio is presently 34.60%.
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About Goldman Sachs Group
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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